Soybean prices rallied strongly the first part of the year. They reached a high on May 11, 2021. Corn prices also rallied strongly the first part of the year. They also reached their high on May 11, 2021.
From these Spring Highs, both commodities entered into sustained bearish trends with patterns of lower highs and lower lows.
Because the second leg higher of the bull market into 2022 is anticipated, now it is time to prepare for the end of these sustained bearish trends. It is time to be prepared for the Fall-Seasonal Lows.
The month of October is the overwhelming month to expect the Fall-Seasonal Low in both Soybeans and Corn!
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